BMIT Technologies plc has agreed to acquire long-term capacity rights on the Arsinoe submarine cable system for €6.9 million, in its first strategic investment outside Malta. The rights are being acquired from Cablenet Communication Systems plc and cover capacity on a system linking Egypt, Cyprus and France. The transaction will be completed through BMIT Technologies (Cyprus) Limited, a new wholly owned subsidiary, and remains subject to a number of conditions.
The acquisition adds a third asset category into BMIT's digital infrastructure pillar, alongside more than 300 passive mobile tower sites and a 49% stake in Malta Properties Company plc, and follows a direction the company has communicated to shareholders over several years.
Christian Sammut, Chief Executive Officer of BMIT Technologies, said:
"We set out a plan to broaden what this company is built on. Owning infrastructure alongside the IT services business, and growing beyond a market the size of Malta. The first part is well established, with the digital infrastructure pillar now a material part of what we are. This is the second part starting.”
The transaction also establishes BMIT in Cyprus, where the company will offer its managed IT services. As a larger EU island economy, Cyprus presents a market of meaningful scale in which businesses operate under the same regulatory requirements around resilience and security as BMIT's customers in Malta.
"This investment is the foundation for what we want to build in Cyprus. Around it we will grow our managed IT services business, the cloud, security and support work we already do in Malta, through a team in Cyprus backed by the team here," he added.
The investment also reflects growing demand across the region for trusted, sovereign digital infrastructure, as businesses and governments place greater emphasis on where their data is held and who manages the systems around it. The company intends to grow from this position to extend its full portfolio of IT services to customers across Malta and Cyprus and the broader region who share the same requirements.
Almost half of the capacity is already contracted and generating revenue, with Cablenet continuing to use it under a long-term agreement that pays BMIT an annual service fee, adjusted for inflation and running to 2047. The remaining capacity is available for BMIT to commercialise and sell to Cablenet and third parties. The capacity is already operational and will continue generating revenue for a further 22 years. The company expects a meaningful contribution to profit from the first year of operation.
The rights cover 5% of the Arsinoe system's capacity, together with capacity in service on the separate Alexandros system, and take the form of an indefeasible right of use, or IRU, which works in much the same way as a very long lease and gives BMIT the use of capacity on the cable rather than ownership of the cable itself. The system remains owned and operated by CYTA, the state-owned telecommunications provider in Cyprus. BMIT and Cablenet are both subsidiaries of GO plc. The transaction was approved as a material related party transaction.
SmartCity Malta, 7 August 2026. BMIT Technologies has reported revenue of €20.2 million for the six months to 30 June 2026, an increase of 10.3 per cent on the €18.3 million recorded in the same period last year, with growth driven by its Data Centre and Managed IT Services segment. Profit before tax stood at €3.1 million, compared with €3.4 million, reflecting a continued shift in revenue mix towards cloud and managed services, higher direct costs and the financing of the strategic investments completed during 2025.
The revenue growth came primarily from cloud, managed and professional services, together with the contribution from 56Bit Limited and a stable performance from the Mobile Network Towers and Property Holdings segment. Based on figures up to June 2026, cloud and managed services now account for close to 50% of group revenue, against 41% for same period last year.
EBITDA for the period was €5.8 million and operating profit €3.8 million, with profit after tax of €1.7 million. Operating costs before depreciation and amortisation rose to €14.4 million from €12.1 million, reflecting higher activity levels, the first full-period contribution from 56Bit Limited, and continued investment in the group's service platform.
The change is being driven by demand across BMIT's client base. Organisations are moving workloads off infrastructure they own and operate themselves, while tightening regulatory obligations are raising the standard they are required to meet on security, resilience and governance. The BMIT Group also recognised €0.6 million as its share of profit from associate investments.
"This is one business built on two pillars," said Christian Sammut, Chief Executive Officer of BMIT Technologies. "We own digital infrastructure in Malta, the data centres we have operated for years and the mobile network towers we invested in more recently. We have also invested in Malta Properties Company p.l.c. On top of that infrastructure, we run managed IT services. Customers are moving off infrastructure they operate themselves and they want cloud, security and compliance handled properly. We can do that because we own the foundation, not just the service layer."
The shift towards cloud and managed services carries a different cost structure to data centre and colocation services, which historically formed the larger share of group revenue.
"We have spent the past two years building the capability to do this properly, in the platform, in the team and in our majority investment in 56Bit," Inġ. Sammut said. "That is where the investment has gone, and it is why customers are giving us more of the work."
In respect of the 2025 financial year, the group declared a net dividend of €0.018 per share, amounting to €4 million, paid in June through either cash or a scrip dividend option.
The interim financial statements note that works on the group's new office facilities in Żejtun are expected to begin during the second half of the year.
BMIT today announced it has retained its HPE Hybrid Cloud Platinum partner status and also achieved the HPE Aruba Networking Silver specialisation, extending its recognised expertise across hybrid cloud infrastructure and enterprise networking. The two designations reflect the depth of capability BMIT's teams bring to both infrastructure disciplines.
The HPE Hybrid Cloud Platinum designation is among the highest levels of recognition within Hewlett Packard Enterprise’s global partner programme, awarded to organisations that demonstrate proven technical competency, investment in certified talent, and a strong track record in delivering hybrid IT solutions at scale, spanning on-premise infrastructure, private cloud, and as-a-service models.
The achievement has also been recognised by HPE directly. Zoran Balaban, HPE’s Sales Lead for Country Development, commented: "BMIT is a trusted and valued partner within the HPE ecosystem. Seeing them maintain their Hybrid Cloud Platinum standing while adding Aruba Networking Silver to their credentials is a testament to their team's technical rigour and their focus on delivering enterprise-grade solutions for their clients in Malta and beyond."
The Aruba Networking Silver specialisation extends BMIT's existing enterprise networking capabilities into HPE's partner programme, covering intelligent edge and enterprise connectivity solutions. The specialisation formalises, within HPE's framework, a practice area BMIT has developed alongside its cloud and managed services portfolio.
Ivan Galea, Head of Product and Vendor Management at BMIT Technologies, said: "Holding HPE Hybrid Cloud Platinum status requires continuous investment in our people and our practice. Earning the Aruba Networking Silver specialisation reflects the breadth of what our teams already deliver across connectivity and cloud. For clients running complex, hybrid environments, these recognitions are a measure of the standard they can hold us to."
Translating these standards into tailored client architectures requires deep architectural validation. James Spiteri, Head of Technical Presales at BMIT Technologies, explained: "These specialisations represent an independently verified standard of technical capability across both hybrid infrastructure and enterprise networking. For clients making complex infrastructure decisions, they provide an objective measure of what BMIT's teams are qualified to design, implement and support."
For businesses in Malta navigating increasingly complex IT environments, specialisations of this level serve as an important quality signal, confirming that BMIT’s teams meet the rigorous standards set by one of the world's largest enterprise technology companies. BMIT provides managed IT services to more than 500 corporate clients across cloud, connectivity, cybersecurity, and data centre operations.
BMIT has been awarded the Microsoft Support Services designation under the Microsoft AI Cloud Partner Programme, becoming the first organisation in Malta to achieve this status. The designation recognises partners that have met Microsoft's most rigorous standards for technical architecture, cloud engineering capability, and customer success, and is held by only a small number of partners globally.
The accreditation adds to BMIT's existing Microsoft designation portfolio, which already includes the Azure, Modern Work, and Security designations. Together, these place BMIT among a select group of partners whose capabilities span the full breadth of Microsoft's enterprise cloud ecosystem.
The Support Services designation is not a commercial certification. It is awarded following third-party audits, technical evaluations, and engineering reviews conducted by Microsoft. Partners that carry it are formally validated to support Microsoft solutions at the highest tier and gain direct access to Microsoft's Tier-3 engineering teams, bypassing standard support queues. This means BMIT clients with complex or critical Microsoft infrastructure issues are routed directly to the engineers who build and maintain those platforms.
For BMIT's clients, the practical effect is faster resolution, reduced downtime risk, and a support capability that goes beyond what standard managed service providers can offer.
Nick Tonna, Chief Revenue and Growth Officer at BMIT Technologies, said: "This designation changes the conversation we have with clients. It is not a badge on a slide; it is Microsoft formally saying that our technical capability and our track record meet their highest standard. For businesses that run critical operations on Microsoft infrastructure, knowing their partner has been audited and validated at this level matters. It is a meaningful differentiator in the market."
That market-level validation is grounded in what the accreditation process actually demands.
Sean Cohen, Chief Service Delivery Officer at BMIT Technologies, added: "Earning this designation required a rigorous assessment by Microsoft's own engineering teams, who reviewed our support processes, technical capabilities, and operational readiness. The access it unlocks is genuinely different. When a client has a critical issue, we are not simply raising a ticket and waiting. We have a direct line to the people who built the platform. That translates into faster resolution times and a level of continuity assurance that is proven with the achievement of this designation."
BMIT Technologies continues to invest in expanding its Microsoft practice, with the Support Services designation representing the latest milestone in its alignment with Microsoft's enterprise roadmap.
About BMIT
BMIT Technologies p.l.c. is Malta's leading provider of digital infrastructure and managed IT services. Listed on the Malta Stock Exchange, BMIT serves over 500 corporate clients across a wide range of industries, delivering cloud services, cybersecurity, data centre solutions, and professional services. Through its Digital Infrastructure pillar, BMIT also owns approximately 300 passive mobile network tower sites and holds a 49% stake in Malta Properties Company p.l.c. BMIT Technologies is SOC 2 Type II accredited, ISO27001 and PCI-DSS certified and holds a majority stake in 56Bit Limited, an AWS specialist. The company's purpose is simple: we power digital.
When BMIT announced its sponsorship of Nick Mercieca, we said we believed in an athlete with the potential to do something special for Maltese sport. In Tbilisi, Georgia, he delivered on exactly that promise.
At the Para Powerlifting European Championships, Nick became the first Maltese athlete ever to represent Malta at the competition, and he marked the occasion with a personal best of 114kg in the men's up to 59kg category, a 4kg improvement on his previous best set at the Para Powerlifting World Championships in October 2025. He recorded a clean sweep of nine white lights across all three rounds, lifting 106kg, 111kg and 114kg in succession. That kind of consistency under championship conditions does not happen by chance. It is the product of months of disciplined preparation.
In the Next Generation category for athletes aged 18 to 20, Nick claimed silver for best lift and gold for total lift.
The Malta Paralympic Committee described Nick as someone who "remains calm and composed, and has grown to enjoy the moment to showcase the hard work and commitment he put in over months and months of training." We recognise that quality. It is the same mindset we value in everything we do.
The European Championships are a key milestone on the qualification pathway toward the Los Angeles 2028 Paralympic Games, and that is where Nick's sights are firmly set. This is just the beginning, and BMIT will be with him every step of the way.
Strategic investments and diversified growth drive strong performance
Malta – BMIT Technologies p.l.c. (MSE: BMIT), Malta's leading digital infrastructure and managed IT services provider, today announced record revenue of €36.5 million for the year ended 31 December 2025, representing growth of 8.7% year-on-year.
The Company reported EBITDA of €12.0 million, profit before tax of €6.3 million, and earnings per share of €0.02. Performance remained in line with projections, reflecting strong contributions from both Managed IT Services and Digital Infrastructure segments, alongside strategic investments that position BMIT for long-term value creation.
Commenting on the results, Nikhil Patil, Chairman, said: "Our expansion into Digital Infrastructure represents structural diversification. Infrastructure assets operate with different economics than service businesses, generating stable cash flows whilst creating strategic flexibility. Combined with managed IT services that address complex client demands, this positions BMIT uniquely in Malta's market. We are building competitive advantages that strengthen over time."
2025 Strategic Investments
During 2025, BMIT completed two strategic investments. The acquisition of a 51% stake in 56Bit Ltd, an AWS specialist, strengthened BMIT's advanced cloud capabilities and expanded expertise in hybrid and multi-cloud architectures. Investment in a 49% stake in Malta Properties Company p.l.c. expanded the Group's digital infrastructure platform, providing strategic adjacency and long-term value creation opportunities that complement its passive mobile network infrastructure ownership.
Operational Performance
Data centre and managed IT services revenue grew 9% to €32.3 million, driven by strong demand for cloud services, professional services, and cybersecurity solutions. BMIT launched three new security services during the year: virtual CISO, managed detection and response, and vulnerability and threat management. Early client adoption exceeded expectations as regulatory frameworks including NIS2 and DORA reshaped technology spending priorities.
The Mobile Network Towers segment, managing close to 300 sites, generated revenue of €4.3 million in its second year of operations, performing ahead of expectations as the operation transitioned from acquisition to operational delivery. This asset class continues to provide stable, predictable cash flows with potential for long-term tenancy growth.
Christian Sammut, Chief Executive Officer, commented: "The composition of our growth tells an important story. Cloud services, professional services, and cybersecurity more than compensated for maturity in traditional data centre services, while our tower infrastructure performed ahead of expectations. These achievements reflect a decade of deliberate choices about where technology markets were heading and where BMIT could create differentiated value."
Financial Position and Outlook
Total assets stood at €96.4 million as at 31 December 2025, with the Group maintaining positive operating cash flows. The Board is recommending a final net dividend of €0.0183 per share, with shareholders offered the option of cash or scrip dividend.
Looking ahead, BMIT continues investing across both strategic pillars and is pursuing regional expansion opportunities beyond Malta.
Cloud computing powers the modern economy. Global providers such as Amazon, Microsoft, and Google deliver massive-scale infrastructure that businesses rely on every day. But these platforms are not immune to outages. When they fail, the impact can be wide and costly.
In a recent feature by MaltaCEOs.mt, our Chief of Service Delivery, Sean Cohen, explained why resilience is a design choice. Here’s an extract from that article, with added context for business leaders who want to stay online, always.
Hyperscalers operate vast networks and data centres, offering compute, storage, and services at scale. Their size brings efficiency and reach, but it also concentrates risk. A single disruption can ripple across industries.
Sean Cohen put it simply: “Hybrid deployments and multi cloud design are essential. Relying on a single platform can put operations and trust at risk. By pairing local hosting with public cloud, organisations keep control of critical workloads and reduce exposure to a single point of failure.”
He added: “Resilience starts with clear choices. Identify mission critical workloads and build redundancy. Multi cloud is a business continuity decision, not only a technical one. If one provider has issues, the business should continue.”
Outages are not a question of if. They are a question of when. The organisations that thrive are those that anticipate disruption and build for resilience. Start with three moves:
- Map critical workloads and dependencies.
- Use hybrid placement for the most sensitive systems.
- Spread risk across providers where it adds value.
Curious how your business can stay up and running even when the big cloud providers let you down? Our Hybrid IT solutions blend the best of cloud and local tech, so you get the flexibility and peace of mind you need, without the headaches. If you’d like to chat about how we can make IT simple and secure for you, take a look at what Hybrid IT by BMIT Technologies can do for your business.
Source: Extract adapted from MaltaCEOs.mt article on staying online during hyperscaler outages.
Ongoing partnership supports Gozo’s only dedicated swimming school for children and teenagers
BMIT Technologies has renewed its sponsorship of Otters Swimming Academy, extending its support for Gozo’s only specialised swimming programme for children and teens.
This multi-year partnership has helped Otters offer dedicated swimming lessons to hundreds of young people across Gozo, giving more children the chance to develop their skills in a safe, structured, and supportive environment. The renewed sponsorship will help the club extend its reach even further in the year ahead.
“We’re proud to continue supporting Otters Swimming Academy and the important work they do in our community,” said Jack Mizzi, Chief Digital & Market Enablement Officer at BMIT. Swimming is not just a sport. It’s a fundamental life skill. Our sponsorship plays a direct role in helping young people across the island gain confidence, discipline and safety in the water.”
Otters Swimming Academy provides children as young as five with a structured pathway through four development stages, starting from basic aquatic mobility and progressing to more advanced swimming and training techniques. The programme is run by qualified coaches and supports swimmers of all abilities.
“For several years, BMIT has been a true partner in our mission to make swimming lessons more accessible,” said Enzo Dimech, President of Otters Aquatic Sports Club and of Otters Swimming Academy. “Together we are helping young people across Gozo, building not just skills, but a stronger, healthier community. Their continued commitment allows us to grow the programme and reach even more children each year.”
The renewed sponsorship forms part of BMIT’s broader commitment to supporting local initiatives that promote youth development, wellbeing, and education. Just last month, BMIT announced its support for para powerlifter Nick Mercieca on his journey to the Paralympics in 2028.
BMIT Technologies is proud to announce recognition as a Microsoft Solutions Partner for Security.
This designation is Microsoft’s way of identifying partners with proven capability to deliver advanced security, compliance, and identity solutions. It is our third designation, alongside Modern Work and Azure Infrastructure and strengthens our role as a comprehensive technology partner for growing businesses.
Why this matters
Cyber threats evolve quickly, and so must defences. This Security designation validates our ability to implement enterprise-grade security solutions that protect, scale, and adapt with our clients' evolving business needs. It also reflects our approach to Zero Trust—verifying every access request, regardless of user, device, or location.
What This Means for Our Clients
What clients gain
We design and operate integrated Microsoft security environments, including Microsoft Defender for Endpoint, Microsoft Sentinel, and Microsoft Entra for identity and access. Together, these solutions help organisations detect and respond to threats faster, reduce risk exposure, and simplify compliance.
Security is most effective when it’s built into the IT roadmap, not added as a reaction to incidents. We align security priorities with business objectives, so protection grows in step with expansion, new services, and changing regulations.
Backed by Microsoft
As a Solutions Partner for Security, we benefit from enhanced technical support, dedicated environments, and early access to Microsoft’s latest innovations. Clients see the impact in faster deployments, better-informed architecture decisions, and proactive responses to emerging threats.
Building for the future
This designation deepens our partnership with Microsoft and ensures we continue to apply best practices and the latest capabilities across identity, threat detection, data protection, and compliance. Our goal remains constant: enable confident growth while maintaining security and operational excellence.
Let’s talk
Ready to strengthen your security posture? Let’s discuss how our enhanced capabilities can protect and empower your business.
Learn more about our cybersecurity services: https://www.bmit.com.mt/cybersecurity/
BMIT has been awarded Gold status as a Veeam Cloud Service Provider (VCSP) Partner!
This achievement highlights our ongoing commitment to excellence, innovation, and delivering trusted cloud and data protection solutions. Earning Gold status is a significant recognition from Veeam, demonstrating that our expertise and dedication place us among the industry’s top service providers.
For our valued customers, this milestone is a further assurance that you are partnering with a provider who not only meets, but exceeds high industry standards. As we continue to grow and evolve, our focus remains on delivering exceptional value and service to you.
